[00:00:01]
I CALLED THE MEETING TO ORDER.PLEASE STAND UP FOR THE UNITED STATES OF AMERICA STANDS ONE NATION UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE.
FOR ALL WE SECURE ANYTHING CITY TO MAKE A CITY CENTURY OR NOT.
DO WE HAVE ANYBODY ON THE PHONE? ALL RIGHT, THANK YOU.
[1. Hold a Public Hearing, Present, and Discuss the Town of Addison's Proposed Property Tax Rate for the Fiscal Year Commencing October 1, 2021 and Ending September 30, 2022. ]
SPECIAL ITEMS. NUMBER ONE, HOLD A PUBLIC HEARING.DISCUSS THE TOM ADDISON'S PROPOSAL PROPERTY TAX RATE FOR THE FISCAL YEAR, COMMENCING OCTOBER ONE AND ENDING SEPTEMBER 30TH, 2022.
UH, I'LL ACTUALLY READ THE SECOND AS WELL SO WE CAN CONTINUE TALKING, BUT I DID NUMBER TWO FOR THE PUBLIC HEARING EXEMPT DISCUSSED THE COLLEGE ADDISON'S ANNUAL BUDGET FOR THE FISCAL YEAR, COMMENCING OCTOBER 1ST, 2021 AND ENDING SEPTEMBER 30TH, 2020.
UH, THIS IS THE FIRST OF TWO PUBLIC HEARINGS, UH, ONE FOR THE TAX RATE AND THEN ONE FOR THE BUDGET FOR FISCAL YEAR 2022.
SO, UH, THIS IS THE PROPERTY TAX RATE APPROVAL PROCESS IN THE BACK ON MONDAY, JULY 26TH, WE RECEIVED A CERTIFIED VALUES FROM THE DALLAS CENTRAL APPRAISAL DISTRICT.
UH, THE ADVERTISEMENT FOR TONIGHT'S PUBLIC HEARINGS THAT WERE PUBLISHED IN THE DALLAS MORNING NEWS ON FRIDAY, AUGUST 20TH.
UM, AND THEN WE PUBLISHED A NOTICE OF A HEARING ON A TAX INCREASE, UH, IN, UH, THE AUGUST 27TH, FRIDAY, AUGUST 27TH VERSION OF THE DALLAS MORNING NEWS.
AND THEN WE'RE HERE TONIGHT, UH, SEPTEMBER 7TH FOR THE FIRST PUBLIC HEARING ON THE TAX RATE AND BUDGET.
AND THEN ONE WEEK FROM TODAY, THERE WILL BE A SECOND PUBLIC HEARING ON THE TAX RATE AND BUDGET AT THE REGULARLY SCHEDULED COUNCIL MEETING.
AND THEN ON THAT NIGHT AS WELL, THERE WILL BE, UH, FOR YOUR CONSIDERATION, THE ADOPTION OF THE FISCAL YEAR 2022 BUDGET AND TAX RATE.
AND THEN ON FRIDAY, OCTOBER 1ST, THAT WOULD BEGIN THE NEW FISCAL YEAR FOR FISCAL YEAR 2020.
SO PROPERTY TAX VALUES AND TAX RATE, UH, THE CERTIFIED TAX, A LITTLE VALUE FOR FISCAL YEAR 2022 WAS $5.08 BILLION IN PROPERTY VALUE, UH, WHICH IS A, UH, INCREASE OF ABOUT $150 MILLION FROM THE FISCAL YEAR 2021, UH, CERTIFIED TAXABLE VALUES.
UH, THE PROPERTY TAX RATE FOR THE CURRENT FISCAL YEAR IS 60.87 CENTS.
AND THE PROPOSED PROPERTY TAX RATE FOR FISCAL YEAR 2022 IS 61.51 CENTS.
AND THE INCREASE IS STRICTLY RELATED TO A DEBT SERVICE RELATED TO GENERAL OBLIGATION BONDS THAT WERE APPROVED BY VOTERS, UH, IN THE 2012 AND 2019, UH, BOND ELECTIONS.
THIS IS A VIEW OF THE PROPERTY TAX RATES FOR THE LAST THREE FISCAL YEARS.
THE TOP ROW IS THE NO NEW REVENUE TAX RATES.
UH, THE MIDDLE ROW IS THE VOTER APPROVAL TAX RATES.
AND THEN THE BOTTOM ROW IS THE ADOPTED AND PROPOSED TAX RATES, UH, FOR THIS FISCAL YEAR.
UH, SO YOU CAN SEE FISCAL YEAR 2022, THE NO NEW REVENUE PROPERTY TAX RATE IS 54.86 CENTS.
THE VOTER APPROVAL TAX RATE IS 67.95 CENTS.
AND THEN AGAIN, THE PROPOSED RATE IS 61.51 CENTS.
AND THEN THIS IS A VIEW OF WHAT THE PROPERTY TAX REVENUES WORK FOR FISCAL YEAR 20.
WHAT WAS THE BUDGET FOR FISCAL YEAR 2021? AND THEN WHAT THE PROPOSED THIS YEAR 2022, A TAX RATE WOULD GENERATE FOR THE GENERAL FUND FOR THE ECONOMIC DEVELOPMENT FUND FOR THE INFRASTRUCTURE INVESTMENT FUND AND FOR THE DEBT SERVICE FUND, THE GENERAL FUND ECONOMIC DEVELOPMENT FUND AND INFRASTRUCTURE INVESTMENT FUND.
THOSE ARE ALL FUNDED BY THE OPERATIONS AND MAINTENANCE PORTION OF THE TAX RATE.
AND THAT IS A 3.03% INCREASE IN REVENUE GENERATION FROM THE PRIOR FISCAL YEAR.
AND THE DEBT SERVICE PORTION OF THE TAX RATE IS A 6.99% INCREASE IN THAT PORTION OF THE TAX RATE.
AND AGAIN, THAT IS STRICTLY RELATED TO ISSUING BONDS OR PROJECTS THAT HAVE BEEN APPROVED BY BUILDERS.
AND THEN THE TOTAL TAX RATE IS A 4.1, 2% INCREASE THAT TO GENERATE A 4.4 0.1 0.4 0.12%
[00:05:01]
MORE TOTAL TAX REVENUE FROM THE FISCAL YEAR 2021 BUDGET TO THE PROPOSED FISCAL YEAR, 2022 BUDGET.HERE'S A GRAPHICAL REPRESENTATION OF THE PROPERTY TAX RATES, UH, OVER THE LAST 10 YEARS, THESE AROUND IT TO THE NEAREST PENNY, THE BLUE SECTION IS THE OPERATION AND MAINTENANCE PORTION OF THE TAX RATE.
AND THE GREEN PORTION IS THE DEBT SERVICE PORTION OF THE TAX RATE.
AND THEN THESE ARE FISCAL 20 FISCAL YEAR 2022, UH, TAX RATES FOR OUR COMPARISON CITIES.
AND THESE ALL HAVE BEEN UPDATED FROM THE BUDGET WORKSHOP TO SHOW THE CITY'S PROPOSED, UH, TAX RATES, WHICH WERE IN THEIR PROPOSED BUDGETS.
THESE AREN'T NECESSARILY BEING TAX RATES THAT THEY WOULD ADOPT, BUT THESE WERE WHAT THEIR CITY MANAGERS HAD PROPOSED IN THEIR SP 2022 BUDGETS.
AND YOU CAN SEE ADDISON THERE AT JUST UNDER 62 CENTS, UH, THE MEDIA, UH, 48.9328.
AND THE MEAN IS AT 48.8 AND THEN SAME INFORMATION, BUT FOR ALL THE CITIES IN DALLAS COUNTY, THERE WERE ONLY TWO CITIES LISTED HERE, UH, THAT WE WERE UNABLE TO ACQUIRE THEIR PROPOSED TAX RATES FOR THAT, WHICH WAS THE CITY OF LANCASTER IN SAXY, UH, EVERY OTHER CITY.
AGAIN, THIS IS THE PROPOSED A TAX RATE FROM THEIR BUDGETS.
UH, YOU CAN SEE HERE THE MEDIAN TAX RATE, 66.4998.
AND THE AVERAGE TAX RATE IS AT 62.6115.
SO ADDISON BELOW THE AVERAGE AND MEDIAN FROM ALL OF DALLAS COUNTY CITIES.
AND THEN WE HAVE THE IMPACT ON THE AVERAGE HOMEOWNER, THE AVERAGE TAXABLE VALUE IN FISCAL YEAR 2021 WAS 330, $4,993 THAT MULTIPLIED BY THE TAX RATE, UH, GENERATED AN AVERAGE TAX BILL OF 2030 $9 AND 2 CENTS.
UH, THE FISCAL YEAR 2022, UH, AVERAGE TAX, A LOW-VALUE OR A RESIDENTIAL HOME IS $349,637 MULTIPLIED BY THE PROPOSED TAX RATE GENERATES A TAX BILL, UH, $2,150 AND 63 CENTS.
NOW THAT'S A DIFFERENCE OF $111 AND 61 CENTS ARE ABOUT $9 AND 30 CENTS PER MONTH.
AND AGAIN, THAT DEPENDS ON THE VALUE OF THE HOME, BUT THAT THAT'S WHAT THE AVERAGE INCREASES AND FISCAL YEAR 2022 PROPERTY TAX RATES COMBINED.
UH, THERE ARE, UM, THREE ENTITIES HERE, WHICH WE, UH, UNABLE TO OBTAIN THEIR, UH, PROPOSED TAX RATES.
AND THAT WOULD BE DALLAS COUNTY COMMUNITY COLLEGE, UH, PARKLAND HOSPITAL, AND THEN DALLAS COUNTY.
SO THEIR FISCAL YEAR 2021 ADOPTED TAX RATES ARE SHOWN.
AND THEN FOR DALLAS ISD AND ADDISON, THOSE ARE THE PROPOSED TAX RATES THAT PARTICIPATE YOUR 2022, UH, THE TOTAL COMBINED TAX RATE OF $2 AND 51.99 CENTS.
THAT'S ABOUT A ONE AND A HALF CENT TOTAL DECREASE, UM, UH, FOR, UH, AN AVERAGE RESIDENT HERE IN ADDISON.
AND THEN WHAT, ONE THING THAT WE WANTED TO SHOW HERE IS, UM, WHEN WE SOLD OUR BONDS FOR THIS, UH, IN THIS COMING OR THE BOND SELL THAT WE HAD IN AUGUST, AUGUST 10TH, UH, WE HAD ALREADY CREATED THE FISCAL YEAR 20, 20, 20 22 BUDGET.
UM, AND AS YOU HEARD FROM THE RESULTS OF THAT SALE, THEY WERE A LITTLE MORE ADVANTAGEOUS THAN WHAT WE BUDGETED.
UH, SO, UH, THE PROPOSED BUDGET HAD A DEBT SERVICE FUND BUDGET OF $8,521,915.
UH, THE UPDATED, UH, DEBT SERVICE WITH THE ACTUAL RESULTS OF THE BOND SALE FOR ABOUT 21,000 HUNDRED AND $7 LESS.
SO IF COUNCIL DID WANT TO, UH, THERE WAS THE OPTION TO NOT REDUCE THE INS PORTION OF THE TAX RATE BY 0 CENTS, WHICH WOULD GENERATE, UM, OR WHICH WOULD, WHICH WOULD MEAN THE AVERAGE HOMEOWNER WOULD PAY ABOUT A DOLLAR AND 55 CENTS PER YEAR IN TAX.
SO REDUCE THEIR AVERAGE TAX BILL FROM $2,150 AND 63 CENTS TO $2,149 AND 8 CENTS.
SO NOT REQUIRED TO MAKE THAT CHANGE, BUT WE WANTED TO MAKE SURE THAT YOU HAD THAT OPTION.
UM, AND THAT IS ALL THE INFORMATION THAT I HAVE ON THE, ON THE TAX RATE.
SO I'D BE HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE.
I'VE GOT A MINOR QUESTION, BUT COULD YOU GO BACK TO SLIDE 10? AND, UM, WE DON'T HAVE SCHOOL THAT THE SCHOOL EQUALIZATION JUST A MINOR MINOR, IS THAT THE 0.0 0.01? SO SOMETHING WE MAY WANT TO
[00:10:01]
ADD IT, IF YOU'RE GOING TO, IF THAT TAX IS STILL PRESENT.GO BACK TO THE SLIDES, BECAUSE IS THAT FACTORING THAT DOES THAT JUST TAX RATES, IT DOESN'T FACTOR IN WHAT TOWNS HAVE EXEMPTIONS AND WHAT SORT OF EXEMPTIONS ARE AND ALL THAT STUFF.
ALL REASON I BRING THAT UP IS EVERY TOWN GIVES THE SAME EXEMPTIONS.
SO YOU'RE JUST COMPARING, THIS IS AN APPLES APPLES COMPARISON, BUT OUR TAX RATES, A LOT OF TIMES ARE LOWER TOTAL TAXES BECAUSE OF EXEMPTIONS FOR HOMEOWNERS AND SENIORS.
AND SOME DON'T EVEN HAVE EXEMPTIONS, RIGHT? YOU'RE SOMETIMES GOING TO HAVE EXEMPTIONS.
SO IT'S REALLY LOOKING AT LIKE, REALLY WHAT, WHERE, WHAT THE VALUE WE'RE GETTING FOR A TAX FOR WHAT WE'RE PAYING THE TAXES WAS EVEN MORE OF A VALUE, YOU KNOW, FOR OUR SERVICES.
SO WOULD IT BE PROPER TIME TO DISCUSS EXCELLENT ABOUT HOW MANY COUNSELORS ARE REASONABLE TO MAKE THIS ADJUSTMENT SMALL ADJUSTMENT? I MEAN, YOU KNOW, THE WHOLE THEORY HERE IS TO COVER OVER HERE TOO, EVEN THOUGH IT'S MINOR AMOUNT, BUT IT'S A PRINCIPLE.
I MEAN, IT'S NOT, YOU DON'T NEED TO CLICK, SO PAULA, I WANT TO MAKE SURE I UNDERSTAND WHAT YOU'RE SAYING.
SO YOU'RE, YOU'RE, YOU'RE SAYING THAT WE SHOULD GO TO THE 0.6 1 4 6, 6.
I JUST WANT TO MAKE SURE THAT'S THE REASON WE GOT THE
I LIKED THE, THE, THE PRINCIPLE, THE THOUGHT, YEAH.
DO I HAVE EMOTIONS? IT'S NOT POSTED AS AN ACTION ITEM, BUT I THINK IF THE COUNCIL SAYS WE WANT TO DO THIS AND WE WILL CARRY THAT FORWARD INTO THE NEXT AND ENDED UP OPENED UP FOR PUBLIC.
GENTLEMEN, AS THIS ITEM IS LISTED PUBLIC HEARING ANYONE PUBLIC WISH TO SPEAK ON THIS ITEM, PLEASE DO SO ANYBODY ON THE PHONE? NO, SIR.
SO THE GOING PUBLIC, WHICH TO SPEAK ON THIS ITEM, I HEREBY CLOSE THE PUBLIC HEARING.
YOU WANT TO SAY ANYTHING? ALL RIGHT.
AND WHEN WE BRING THIS BACK WITH THE, UH, FOR THE NEXT PUBLIC HEARING AND THE PROPOSED BUDGET, REDUCE THE DEBT SERVICE FUNDS BUDGET BY THAT 21, 8 0 7 AND, UH, OFFSETTING REDUCTION IN THE TAX, STEVEN, ONE, ONE MORE PORTION ON SOME OF THESE TAX ENTITIES, DALLAS COUNTY, DALLAS COUNTY, COMMUNITY COLLEGE PARK.
WHEN DO YOU THINK THAT WE, WE MIGHT FIGURE OUT WHAT THEY'RE, WHAT THEY'RE PROPOSING OR NOT BY NEXT NEXT MEETING, POTENTIALLY.
I'M JUST WHAT I'M DRIVING AT IS, UM, YOU KNOW, AND I THINK ABOUT MY TAX RATE, I THINK ABOUT THE WHOLE, ALL OF THE TESTS AND, AND WHAT IT APPEARS TO BE IS, IS, IS THE ENTIRE TAX PACKAGE THAT ADDISON BIZ PROPERTY OWNERS WOULD PAY MIGHT BE SLIGHTLY LESS A LOT, BUT CORRECT.
SOMEBODY WHO PAYS THE TAXES, IT KIND LIKE THAT RATHER THAN A BIG, YEAH.
UNFORTUNATELY WITH SOME OF THE, SOME OF THE SPECIAL TAXING UNITS AND THINGS LIKE THAT, THEY DON'T HAVE TO MEET THE SAME TYPES OF REQUIREMENTS IN THE CITY AND SCHOOL DISTRICT.
SO THEY'RE NOT QUITE AS TRANSPARENT WITH THEIR NOTICES AND THE BUDGET REQUIREMENTS AND ALL THAT TYPES OF ALL THOSE TYPES OF THINGS.
SO IT'S A LITTLE BIT DIFFICULT TO TRACK SOME OF THEIR NUMBERS DOWN SOMETIMES, BUT WE'LL CERTAINLY, WE'LL CERTAINLY LOOK AT THOSE AND SEE IF THEY'VE, UH, AVAILABLE.
[2. Hold a Public Hearing, Present, and Discuss the Town of Addison's Annual Budget for the Fiscal Year Commencing October 1, 2021 and Ending September 30, 2022.]
[00:15:15]
UH, THANK YOU AGAIN, MAYOR, UH, STEVEN GLITMAN, CHIEF FINANCIAL OFFICER, AND WE HAVE OUR, UM, AGAIN, THIS IS THE FIRST OF TWO PUBLIC HEARINGS.UH, THE, UH, FOR THE BUDGET, THE SECOND PUBLIC HEARING WOULD BE AT THE REGULARLY SCHEDULED COUNCIL MEETING ON SEPTEMBER THE 14TH.
SO THE FIRST ITEM THAT WE HAVE HERE IS OUR STAFFING SUMMARY AND THERE IS A, UH, ONE, UH, NEW, UH, FULL-TIME EQUIVALENT EMPLOYEE.
AND THAT IS A CODE ENFORCEMENT OFFICER.
UM, ALL THE OTHER, UH, EXISTING EMPLOYEES FROM FISCAL YEAR 2021 ARE ROLLING OVER TO THE FISCAL YEAR, 2022 BUDGET.
UH, THERE IS SOME REALLOCATION OF SOME POSITION BETWEEN FUNDS FROM THE GENERAL FUND, FOR INSTANCE, TO THE AIRPORT FUND, TO THE UTILITY FUND AND TO THE STORM WATER FUND FOR SERVICES.
THOSE PERSONS ARE DOING FOR THOSE FUNDS.
SO REALLOCATING OUR RESOURCES, SO TO SPEAK.
THIS IS A GRAPHICAL VIEW OF THE ALL FUNDS, UH, STAFFING, UH, HISTORY.
NOW YOU CAN SEE GOING FROM 2 99 0.8 TO 300.8, AGAIN, I JUST ONE FTE INCREASE AS PROPOSED.
AND THEN HERE WE HAVE A DEPARTMENTAL STAFFING SUMMARY, WHICH IS MORE DETAILED AND HAS, UH, THE INFORMATION BY EACH DEPARTMENT AND THEN ALSO BY EACH FUND.
BUT AGAIN, IN TOTAL, JUST A ONE POINT CHANGE WITH TOTAL TIME FOR THE TIME, IF IT WORKS, UH, GENERAL FUND OVERVIEW, UH, THE OUTSIDE OF, UH, THE CIRCLE HERE IS THE REVENUES.
AND THEN THE INSIDE IS WHERE THE MONEY GOES ON THE EXPENDITURE SIDE.
UH, SO PROPERTY TAX AT 20 MILLION IS THE LARGEST REVENUE SOURCE.
AND THEN WE HAVE SALES TAX AT 13.7 MILLION, OR WE HAVE OTHER TAXES WHICH ARE MIXED BEVERAGE TAXES, 1.2 MILLION, AND THEN WE HAVE FRANCHISE FEES AT 2.1 MILLION.
THEN WE ALSO HAVE LICENSES AND PERMITS AND FINES AND PENALTIES.
AND THEN ON THE EXPENDITURE SIDE THAT WE HAVE POLICE AND EMERGENCY COMMUNICATIONS, THOSE TOTAL 12.1 MILLION, UH, WE HAVE GENERAL GOVERNMENT AT 9.3 MILLION, UH, FIRE DEPARTMENT AT 9.1 MILLION, A PARKS AND RECREATION, 6.3 MILLION STREETS, 2.1 MILLION AND THEN DEVELOPMENT SERVICES AT 1.8 MILLION.
UH, THEN WE HAVE A LOOK AT A TOTAL REVENUE, 40.8 MILLION, UH, TOTAL OPERATING EXPENSES, 40.7 MILLION, UH, JUST SLIGHTLY, UH, REVENUE EXCEEDING EXPENSES.
AND THEN WE HAVE A GRAPHICAL VIEW OF THE $40.8 MILLION REVENUE BUDGET, UH, AVALARA TAX TAXES.
YOU CAN SEE GOING UP SLIGHTLY SALES TAXES GOING BACK TO PRE PANDEMIC LEVELS, UM, MIXED BEVERAGE TAXES GOING UP SLIGHTLY, UH, OTHER REVENUE SOURCES REMAINING, MOSTLY FLAT.
AND THEN I LOOKED AT THE GENERAL FUND PROPOSED EXPENSES, UH, BEING A SERVICE ORGANIZATION, A MAJORITY OF THE EXPENSES ARE RELATED TO PERSONNEL SERVICES, 63.9%.
AND THEN WE HAVE CONTRACTUAL SERVICES AT 19% MAINTENANCE AT 9.4% SUPPLIES AT 4% CAPITAL REPLACEMENT LEASE AT 3.2% AND THEN CAPITAL OUTLAY AT 23% MOVING ON TO THE SELF-FUNDED PROJECTS FUND.
THIS FUND IS ANTICIPATED, HAVE A BEGINNING FUND BALANCE OF ABOUT $3 MILLION, UH, FOR FISCAL YEAR 2022.
UH, SO AND ADDITIONALLY, UH, BUDGETED ABOUT $700,000 IN EXPENDITURES.
UM, PROJECTS INCLUDE UPDATING THE EMPLOYEE HANDBOOK, A DEFERRED COMPENSATION PLAN REVIEW, UH, SPECIAL SERVICES CONSULTANTS RELATED TO THE TRANSIT-ORIENTED DEVELOPMENT, UH, COMPUTER HARDWARE AND SOFTWARE FOR, UH, FORENSICS FOR THE POLICE DEPARTMENT, UH, BAIL OUT RESCUE SYSTEM FOR THE FIRE DEPARTMENT, UH, VEHICLE AND SUPPLIES FOR THE PROPOSED CODE ENFORCEMENT OFFICER VEHICLE AND SUPPLIES FOR THE PROPOSED, UH, TRASH AND PARKS GROUP.
THERE IS THE LAY LOCKS, UH, COURT CONVERSION.
AND THIS INCLUDES THE $25,000 INCREASE TO DO THAT FULL CONVERSION, UH, THAT WAS DISCUSSED AT THE BUDGET WORKSHOP.
AND WE HAVE A PHASE TWO OF A FACILITY STUDY AND CONSOLIDATION, UH, TRAILS, MASTER PLAN IMPLEMENTATION, AND THEN LONG RANGE PLANNING SERVICES.
SO IN TOTAL, UH, SELF-FUNDED PROJECTS BUDGET OF $703,502.
AND THEN WE HAVE THE HOTEL FUND, UH, TOTAL REVENUE, UH, PROPOSED
[00:20:01]
IN FISCAL YEAR 20 22, 7 $0.4 MILLION.UH, 2.0 MILLION OF THAT IS PROPOSED FROM THE AMERICAN RESCUE PLAN.
UH, WE DID RECEIVE OUR FIRST PAYMENT FROM THAT PLAN, UH, IN AUGUST, THE END OF AUGUST THIS YEAR, UH, I THINK AUGUST 23RD.
SO WE ANTICIPATE RECEIVING THIS $2 MILLION, AUGUST 23RD, 2022 OR EARLIER, UH, EXPENSES, $5.6 MILLION, UH, REVENUE TO EXPENSE $1.8 MILLION.
AND THAT'S REALLY RELATED TO THAT $2 MILLION.
IT'S FROM THE AMERICAN RESCUE PLAN.
WE HAVE A, THE PROPOSED EXPENSES BY CATEGORY.
THE HOTEL FRONT, MOST OF THEIR EXPENSES ARE RELATED TO A CONTRACTUAL SERVICES RELATED TO SPECIAL, A 67.9%.
THEN WE HAVE PERSONNEL SERVICES AT 22.6% MAINTENANCE AT 6.1% CAPITAL REPLACEMENT AT 2.3% AND SUPPLIES.
AT 1%, WE HAVE OUR ECONOMIC DEVELOPMENT FUND AND THIS EXCLUDES TRANSFERS.
SO WE HAVE A REVENUE OF $1.2 MILLION, AND THEN WE HAVE EXPENSES OF $2 MILLION, UM, WHICH INCLUDES INCENTIVES, UH, THEIR OPERATIONS AND TOURISM.
UH, IN ADDITION TO THE REVENUE, THERE IS A HOTEL FUND TRANSFER, UH, APPROXIMATELY $380,000.
WE HAVE OUR UTILITY OPERATING FUND, A TOTAL REVENUE OF $14.4 MILLION, 7.7 OF THAT COMES FROM WATER SALES.
THEN WE HAVE A WASTEWATER SALES OF $6.5 MILLION, OUR TOTAL EXPENSES, TOTAL $14.4 MILLION, UH, THAT, UH, MAJORITY OF THAT COMES FROM PURCHASES OF A WATER.
AND THEN TREATMENT OF WASTEWATER.
WE HAVE OPERATIONS OF $5 MILLION AND THEN DEBT SERVICE OF ONE AND A HALF MILLION DOLLARS.
SO WE HAVE REVENUE THAT JUST EXCEEDS OUR EXPENSES IN THE UTILITY FUND.
AND THERE IS WITHIN THE BUDGET PROPOSE, UH, INCREASE TO THE WATER AND SEWER RATES OF TWO AND A HALF PERCENT.
AND THIS IS, UH, IN LINE WITH THE RACE STUDY THAT WAS ADOPTED BY COUNCIL IN 2018.
SO USING THAT TWO AND A HALF PERCENT INCREASE, UH, FOR A CONSUMER THAT USES 5,000 GALLONS OF WATER AND WASTEWATER, UH, THEIR BILL WOULD GO UP ABOUT A DOLLAR AND 49 CENTS A MONTH FOR A CONSUMER THAT USES ABOUT 8,000 GALLONS A MONTH.
UH, THEIR MONTHLY BILL WOULD GO UP ABOUT $2 AND 19 CENTS.
AND FOR A CONSUMER THAT USES 10,000 GALLONS A MONTH, UH, WATER AND SEWER, UH, THEIR MONTHLY BILL WOULD GO UP ABOUT $2 AND SIX EXCLUSIVE SENTENCE COME ON.
AND WE HAVE OUR STORM WATER OPERATING FUND.
AND THIS TOTAL REVENUE COMES FROM A DRAINAGE FEES AT $2.6 MILLION.
UH, THERE ARE, UH, RATES ESTABLISHED, UH, BY AN EXISTING ORDINANCE AND FISCAL YEAR 2022 IS THE LAST RATE UPDATE PER THAT ORDINANCE, UH, WHICH WAS ADOPTED IN 2018.
THEN WE HAVE TOTAL EXPENSES OF $1.6 MILLION.
UH, THIS INCLUDES OPERATIONS AND DEBT SERVICE OF APPROXIMATELY HALF A MILLION DOLLARS FOR NET SERVICE.
SO REVENUE EXCEEDING EXPENSES BY, UH, RIGHT AT A MILLION DOLLARS.
THEN WE HAVE OUR AIRPORT OPERATING FUND.
WE HAVE TOTAL REVENUE OF $7.1 MILLION.
A MAJORITY OF THAT COMES FROM LEASES AT 5.6 MILLION.
THEN WE HAVE SERVICE FEES, WHICH MOST OF THOSE ARE RELATED TO FUEL FLOW HPS IN TOTAL $1.3 MILLION FOR THE SERVICE FEES.
THEN WE HAVE TOTAL EXPENSES OF $5.1 MILLION, UH, WHICH MAKE UP OPERATIONS A $4.2 MILLION AND THEN DEBT SERVICE, UH, $0.9 MILLION.
SO IN TOTAL REVENUE IS ANTICIPATED TO EXCEED EXPENSES BY RIGHT AT $2 MILLION.
AND THEN WE HAD THE CAPITAL IMPROVEMENT PROJECTS, AND THIS IS AN ALL FUNDS VIEW.
UH, THE CAPITAL IMPROVEMENT PROJECTS BUDGET FOR FISCAL YEAR 2022.
UH, THAT TOTAL CAPITAL IMPROVEMENT PROGRAM BUDGET IS $47.2 MILLION.
UH, THE MAJORITY OF THAT IS RELATED TO THE GENERAL OBLIGATION AND CERTIFICATES OF OBLIGATION, UH, BOND FUND.
UH, THEN WE HAVE A $33 MILLION.
THEN WE HAVE THE INFRASTRUCTURE INVESTMENT FUND, UH, $1.5 MILLION.
NOW WE HAVE UTILITIES CERTIFICATES OF OBLIGATION FUND $3.6 MILLION, UH, UTILITY FUND CASH RESERVES, UH, $100,000, UH, STORMWATER CERTIFICATE CERTIFICATES OF OBLIGATION, $700,000 A STORMWATER FUND CASH RESERVES, $800,000.
WE HAVE AIRPORT FUND GRANT FUNDS OF $5.8 MILLION, AND THEN AIRPORT FUND CASH RESERVES OF $1.6 MILLION.
[00:25:01]
FOR FISCAL YEAR 2022, AND THE ENTIRE FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM, UH, IS IN A, IN A TOTAL AMOUNT OF 155 MILLION FOR $155.2 MILLION.THAT THAT'S THE CONCLUSION OF THE BUDGET PRESENTATION.
I'D BE HAPPY TO ANSWER ANY QUESTIONS THAT YOU MAY HAVE QUESTION NO QUESTIONS AT ALL.
SO LADIES AND GENTLEMEN, THE SIZE IS LISTED POVERTY HEARING IS ANYONE IN PUBLIC WISH TO SPEAK ON THIS SIDE? AND NOBODY IS ON THE LINE.
NO PUPPY WISH TO SPEAK ON THIS SIDE.
I HEAR BY CLOSE THE PUBLIC HEARING.
ANY MORE DISCUSSION? NO, THANK YOU SO MUCH, STEVEN.
THE GOOD HOUSEWIFE ALWAYS MAKES SURE EVERY DAY WE HAVE A MONITOR YOU NEED WE'LL HAVE FUN TO USE AND IT CAN BE EITHER, RIGHT.